Citigroup lowered shares of Genesee & Wyoming (NYSE:GWR) from a buy rating to a neutral rating in a report released on Tuesday, The Fly reports.
Several other brokerages have also recently commented on GWR. JPMorgan Chase & Co. cut Genesee & Wyoming from an overweight rating to a neutral rating in a research report on Friday, October 12th. Zacks Investment Research raised Genesee & Wyoming from a sell rating to a hold rating and set a $96.00 target price for the company in a research report on Thursday, October 11th. Bank of America cut Genesee & Wyoming from a buy rating to a neutral rating and raised their target price for the stock from $90.00 to $94.00 in a research report on Thursday, August 9th. Morgan Stanley raised their target price on Genesee & Wyoming from $79.00 to $81.00 and gave the stock an equal weight rating in a research report on Tuesday, October 9th. Finally, ValuEngine raised Genesee & Wyoming from a hold rating to a buy rating in a research report on Tuesday, September 18th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus target price of $87.70.
GWR opened at $78.99 on Tuesday. Genesee & Wyoming has a 1-year low of $67.61 and a 1-year high of $92.91. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.33 and a quick ratio of 1.26. The company has a market capitalization of $4.84 billion, a PE ratio of 27.14, a price-to-earnings-growth ratio of 1.19 and a beta of 1.73.
Genesee & Wyoming (NYSE:GWR) last posted its quarterly earnings data on Tuesday, October 30th. The transportation company reported $1.23 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.07. Genesee & Wyoming had a return on equity of 5.81% and a net margin of 26.25%. The company had revenue of $603.30 million during the quarter, compared to analysts’ expectations of $594.40 million. During the same period in the prior year, the business earned $0.81 earnings per share. Genesee & Wyoming’s revenue for the quarter was up 4.6% compared to the same quarter last year. As a group, sell-side analysts predict that Genesee & Wyoming will post 3.85 EPS for the current year.
In other Genesee & Wyoming news, CFO Timothy J. Gallagher sold 4,116 shares of the stock in a transaction on Tuesday, August 14th. The stock was sold at an average price of $88.00, for a total transaction of $362,208.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Christopher F. Liucci sold 1,000 shares of the stock in a transaction on Tuesday, August 7th. The stock was sold at an average price of $89.04, for a total value of $89,040.00. Following the transaction, the insider now owns 18,189 shares of the company’s stock, valued at $1,619,548.56. The disclosure for this sale can be found here. Insiders have sold 23,255 shares of company stock valued at $2,048,947 over the last quarter. Corporate insiders own 2.41% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in the business. Blue Harbour Group L.P. acquired a new stake in shares of Genesee & Wyoming in the second quarter valued at $75,463,000. DF Dent & Co. Inc. increased its stake in shares of Genesee & Wyoming by 0.3% in the second quarter. DF Dent & Co. Inc. now owns 873,795 shares of the transportation company’s stock valued at $71,057,000 after buying an additional 2,812 shares in the last quarter. Wells Fargo & Company MN increased its stake in shares of Genesee & Wyoming by 8.1% in the second quarter. Wells Fargo & Company MN now owns 687,639 shares of the transportation company’s stock valued at $55,919,000 after buying an additional 51,438 shares in the last quarter. Victory Capital Management Inc. increased its stake in shares of Genesee & Wyoming by 6.8% in the second quarter. Victory Capital Management Inc. now owns 541,168 shares of the transportation company’s stock valued at $44,008,000 after buying an additional 34,411 shares in the last quarter. Finally, Northern Trust Corp increased its stake in shares of Genesee & Wyoming by 12.1% in the second quarter. Northern Trust Corp now owns 539,330 shares of the transportation company’s stock valued at $43,858,000 after buying an additional 58,230 shares in the last quarter. Hedge funds and other institutional investors own 92.66% of the company’s stock.
About Genesee & Wyoming
Genesee & Wyoming Inc owns and leases freight railroads. It operates through three segments: North American Operations, Australian Operations, and U.K./European Operations. The company transports various commodities, including agricultural products, autos and auto parts, chemicals and plastics, coal and coke, food and kindred products, lumber and forest products, metallic ores, metals, minerals and stone, petroleum products, pulp and paper, waste, and other commodities.
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